BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

November 26, 2008 08:30 ET

BioteQ Named Top New Exporter in British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2008) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of metal and sulphate contaminated water, has been named the top new exporter in British Columbia at the 2008 BC Export Awards sponsored by the Canadian Manufacturers and Exporters. The award recognizes companies that have achieved export success in entering new international markets. BioteQ's President and Chief Operating Officer, David Kratochvil, accepted the award at a luncheon on Friday November 21.

"We are delighted to be named British Columbia's top exporter in 2008. This award recognizes BioteQ's expansion into China, Australia, and Mexico during the past year. This is a significant achievement, and marks the dedication and hard work of all BioteQ staff as the team builds water treatment plants in new markets," stated Brad Marchant, BioteQ's CEO.

BioteQ's expansion into new markets is reflected in its recently released financial results. In the nine months ended September 30, 2008, BioteQ nearly doubled its revenues to $6.5 million, compared to $3.5 million for the same period in 2007. The increase in revenues is primarily due to contributions from new operations in China, Australia, and Mexico.

BioteQ Corporate Profile

BioteQ builds, owns and operates industrial water treatment plants, reducing environmental liabilities while generating revenue from waste water. The Company's commercially proven technologies treat acid mine drainage and other metal-laden waste water by sequentially removing metals and sulphate, producing saleable metal products and clean water that can be discharged safely to the environment. BioteQ has built 8 plants at sites in Canada, the US, China, Australia and Mexico, with 7 more projects in design and construction. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.

On behalf of the Board of Directors

Brad Marchant

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2007. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • BioteQ Environmental Technologies Inc.
    Tanja McQueen
    Corporate Development
    (604) 685-1243 or 1-800-537-3073
    or
    BioteQ Environmental Technologies Inc.
    Caren Holtby
    Investor Relations
    (604) 685-1243 or 1-800-537-3073
    (604) 685-7778 (FAX)
    Email: investor@bioteq.ca
    Website: www.bioteq.ca